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- Tasks: Analyse complex pricing models and develop performance metrics in model risk management.
- Company: Join J.P. Morgan, a global leader in financial services with a focus on diversity.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Why this job: Make a real impact in model risk management while collaborating with top professionals.
- Qualifications: Strong analytical skills, MSc in relevant field, and proficiency in C/C++ and Python.
- Other info: Dynamic environment with exposure to various business areas and excellent career growth.
The predicted salary is between 36000 - 60000 £ per year.
Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR), we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai, and Paris, our team collaborates with top professionals in Risk, Finance, and Model Development. This is your chance to work in a dynamic environment, gain exposure to various business areas, and contribute to critical decision‑making processes.
Responsibilities:
- Analyze the conceptual soundness of complex pricing models and reserve methodologies.
- Develop and implement alternative model benchmarks and performance metrics.
- Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
- Maintain model risk control apparatus and serve as the first point of contact for the coverage area.
Required Qualifications, Capabilities, and Skills:
- Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
- Strong understanding of option pricing theory and quantitative models for derivatives.
- Experience with Monte Carlo and numerical methods.
- Strong analytical and problem‑solving abilities.
- MSc or equivalent in a relevant field.
- Proficiency in C/C++ programming and Python.
- Inquisitive nature with excellent communication skills.
- Teamwork‑oriented mindset.
Preferred Qualifications, Capabilities, and Skills:
- Experience with equity derivatives.
Model Risk Associate/Vice President in London employer: JPMorganChase
Contact Detail:
JPMorganChase Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Associate/Vice President in London
✨Network Like a Pro
Get out there and connect with folks in the industry! Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Model Risk Associate gig.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Talk about your experience with probability theory, Monte Carlo methods, and programming in C/C++ and Python. Let them see how you can add value to their team.
✨Prepare for the Interview
Do your homework on the company and the role. Brush up on your knowledge of option pricing theory and quantitative models. Be ready to discuss how you would approach model risk management and provide insights during the interview.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at J.P. Morgan.
We think you need these skills to ace Model Risk Associate/Vice President in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Model Risk Associate role. Highlight your expertise in probability theory, statistics, and programming languages like C/C++ and Python. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your background makes you a perfect fit for our team. Don’t forget to mention any relevant projects or experiences that showcase your analytical skills.
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex problems in the past. We love candidates who can think critically and come up with innovative solutions, especially when it comes to model risk and quantitative analysis.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes straight to the right people. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at JPMorganChase
✨Know Your Models Inside Out
Make sure you have a solid grasp of the complex pricing models and reserve methodologies mentioned in the job description. Brush up on your knowledge of option pricing theory and quantitative models for derivatives, as these will likely come up during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with Monte Carlo simulations and numerical methods. Be ready to provide examples of how you've applied these techniques in past roles, as this will demonstrate your strong analytical and problem-solving abilities.
✨Communicate Effectively
Since liaising with model developers and trading desks is part of the role, practice articulating complex concepts clearly and concisely. Good communication skills are essential, so consider doing mock interviews with a friend to refine your delivery.
✨Emphasise Teamwork
Highlight your teamwork-oriented mindset during the interview. Share specific examples of how you've collaborated with others in previous roles, especially in high-pressure environments, to show that you can thrive in a dynamic team setting.
